ETHUSD looks like there's still some room downside.-It tipped the bottom of the growth log curve on the top red.
-Move from 1951.66 to 4380.64 -50% is 3162 hit
-61.8 is 2876 (probably will get touched sometime)
Bias:
-bearish - Price target: $2774
BAD:
-trendline down
-sell volume higher and obv down
-daily rsi downwards
-daily macd down
Good:
-50% probable support 3162
-supports at 2775, 2430, 2326
-potential move up to downtrend line in short term
-btfd on supports
Note
Looks like stop loss triggered throughout crypto. $1.8k eth wow!long wick probably short term bounce!
will watch for resistance and if it breaks probably on the way to 6k
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.